30-year fixed mortgage rate rises
WASHINGTON (AP) — Long-term mortgage rates rose this week, lifting the 30-year fixed mortgage from the lowest levels of 2017.
Mortgage buyer Freddie Mac says the 30-year fixed mortgage rate was 3.83 percent, up from 3.78 percent last week and above last year’s average of 3.65 percent. The 15-year fixed rate, popular with homeowners who are refinancing their mortgages, rose to 3.13 percent from 3.08 percent last week.
Rates on long-term home loans typically track the yield on 10-year Treasury notes, which moved higher this week.
Rates on adjustable five-year mortgages rose to 3.17 percent from 3.13 percent last week.